COMPANY REGISTRA TION NUMBER.. 06099877 CHARITY REGISTRATION NUMBER: 1118446 L.H.H. LIMITED Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023 COHEN ARNOLD Chartered Accountants New Burlington House 1075 Finchley Road London NWI I OPU
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STA TEMENTS YEAR ENDED 31 DECEMBER 2023 PAGE Trustees, annual Teport {in¢orporating the directols report) Independent examiner's report to th¢ trustees Statement of financial activities (including incorne and expenditure account) Balance sheet Notes to the financial sLatements
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 DECEMBER 2023 The trLlStees, who are also (he director.% for the PLTrposes of company law, present their repoi"t and the unaudited financial statementq of the cliarity for the year ended 31 December ?0?3. REFEREINCE AND ADMINISTRATIVE DETAILS ReElStered charity name Charity registration number Company registration number 06099877 Prineipal office and registered New Burlington House office 1075 Finchley Road London NWI I OPU L.H.H. Limited 1118446 THE TRUSTEES Mr Joshua Schreiber Mr5 Susan Schi'eiber Company secre¢ary Independen¢ examiner Mr Joshua Schreiber Joshua Neumann FCA Cohen Arnold New Burlinglon House 1075 Fiiichley Road London NWI I OPU STRUCTURE, GOVERNANCE AND MAP¥AGEMENT The chai'ity Is a coinpany limited by guarantee and as sucli. its govei'niiig dociiments c2Te it.8 MemordndLim and Ai'iicles of A%8oeiation. Tlie dY to day affairs of Ihe chai'ity Éire admini%iered by Ilie tl"LlSteeq. li i.s not currently tl)e intention of (he tru8(ees of the charity io appoint new triisiee.s. Should the IIU£ltion change in the future. the trustees will apply suitable recruilJnent and ti'aining procedui'es. Risk management The ch<Lrily has assessed the tnajor I'isks to which il is exposed. in particular ihase relating to the operaiions and finances of the charity. and is satisfied thdt syslem5 ai"e in place to mitigate it8 exposure to those risks. Related Party Transactions Details of iransaciions with ielated parties are dis¢105ed in note 19 to the financial statements.
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND AcfiviTIKS The objects for which the charily 18 established are the ddvancement of the orthodox Jewish faith, the advancement of 011hodox Jewibh education. the relief of poveily, sickne55 and infirinity and the dvancement of such othei- objects as are charitable a¢coi'ding to English Law. The trustees confirm that they liave referred to the Chai'ity Commis.%ion's general guidance on public benefit when reviewing the eharily's aims and objectives. planning future activitie5 and setting the granl making policy for the year. Grant Making Policy Gran(s are made to charitable institutions and organisalions in accordance with the objects of the charriiy. ACHIEVEMENTS AND PERFORMANCE During the year under review the chJrity received charitable dondtion5 of £81,000 {2022.. £92.000) and made charitable donations of £85,890 (2022.. £88.863). FINANCIAL REVIEW The financial results of the charity for the year ended 2023 are fully ref]ected in the attached fin2nci31 statements iogether with the notes thereon. Financial position The financial position of the charity 15 5atisfaciory. The charily's Statement of financial activities shows total reserve5 of £96,58912022.. £100.678). Reserves policy It is the policy of the charity to maintain ullrestricted fund5, which are the free reserves of the charity. at a level which the trustees think appropriate after considering the future commitmen(s of the charity and the likely governance costs of the Charity for ihe next year. The charity's main a¢tivity is grant Tnaking. The tSteeS have not made any binding commitments and as such are able io control the level of donations and ensure the continued viability of the charity. Investment policy Under Ihe memorandum and articles of association, the company has the power lo make investments which the trustees consider appropriate. The triistees consider the reluim oli invesiments to be satlsfactory. PLANS FOR FUTURE PERIODS The trustees plan to coniinue to make disiribuiions in accordance with their gi'anr making policy and to ensure that ihe dbiliiy io genei'aLe sufficient income is mainiained to achieve that end. SMALL COMPANY PROVISIONS Thi5 report has been prepared in accordance with the provisions applicable to coinpanies entitled to the small companies exemption.
L.ELH. LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conlriiu8d) YEAR ENDED 31 DECEMBER 2023 The Irusiees. annual report was approved on ......... .. trustees by: and signed on behalf of the board of Mr Joshua Schreiber Trustee
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF L.H.H. LIMITED YEAR ENDED 31 DECEMBER 2023 I report to ihe iiiistees on my examination of Ihe financial statemeni% of LH.H. Limited ('the cli<irity') ror the year ended 31 Decembei" 2023. RESPONSIBILITIES AND BASIS OF REPORT As the rrustees of the company (and also iLs directors foi- the purposes of Company law) yoii are I'esponsible for the preparation of thc financial statements in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself thai rhe accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exainination of Ihe charity's accounts as cai'i'ied out under section 145 of ihe Charities Act 2011 ('Ihe 201 l Aci,). In carrying out my examination I have followed the Directions given by the Charity Commisgion under section 145(51(b) of the 201 l Act. INDEP14 NDENT EXAMINER'S ST ATEMENT I have compleied my examination. I confirm that no matters have come to my attention in connection with the examination givin me cause to believe.. ccounting I'ecord5 were not kept in respeci of the charity as required by section 386 of the 2006 Act; or Ihe financial statements do not accord with ihose records,. or Ihe financial statetnenls do not comply wiih the accounting reqliirements of section 396 of the 2006 Act oiher than any requiremeni that the accolints 1ve a 'tiwe <ind fair, view whicl) is not a malter considered as part ot" an independent examination: or the financial staiements liave nor been prepared in accoi'dance WTih the methods and principles of El)e Sialemeiit of Rccotnmended Practice for £iccounting and reporting by charities applicable to Charities prcparing their accouDl8 in accordance with the Fin<incial Repoi'ting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no oiher matters in connection with the exainination to which aitention should be drawn in this I'epoil in order to enable a proper under.%tk)nding of the accounts to be reached. Joshud Neumdnn FCA Cohen Arnold Independent Examiner New Burlington House 1075 Finchley Road London NWIIOPU lolcfilloL
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2023 2023 2022 Unrestricted fund.s Total funds Toial funds Note Income and endowments Donaiions and legdcies Inve.siment income 81,IX>O 8.635 81,(M)O 8,635 89,635 9?.COO 7,475 Total income 89.635 99,475 Expenditure Expendiiure on raising funds.. Invesiment management cosTs Expendiiure on chai'itablc activities Total expenditure (1,713) (89,563) (91 ?76) {1,713) {89,563) (91,276) (2,1901 193,0261 195,216) Net (losses)Igains on investments io (2,448) (2,448) 3.036 Net (expenditure)lincome and net Tnovemen¢ in funds {4.089) (4,089) 7,295 Reeoneiliation of Cunds Total funds brought forward Total fllnds carried forward 100,678 100,678 96,589 93,383 96.589 100,678 The statement of financial activities includes all gains and log8es recognised in the year. All income and expenditure derive from continuing activities. The on page5 7 to J4 form parl of these financial %tatements.
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 DECEMBER 2023 2023 2022 Nole FIXED ASSETS Investments 14 101,714 104.162 CURRENT ASSETS Debtors Is lJ42 1,814 CREDITORS: amounts falling due within one year NET CURRENT LIABILITIES 16 (6,467) (5.298} (5,125) 13,484) TOTAL ASSETS LESS CURRENT LIABILITIES 96,589 96,589 100,678 NET ASSETS 100,678 FUNDS OF THE CHARITY Unrestricted funds 96,589 96,58 100,678 Total charity funds 17 100.678 For the year ending 31 Deccinber ?023 the chai'ity was entirlcd to exemption from aLidit under section 477 of Ihe Cornp1L nies Aet 2006 rel¢Liing lo small companies. Diiectors, responsibilities.. The Tnembers have noi required the company io obtain an audit of its fi nancial .stateillelliS for ihe year in question in accordance with scction 476. The directors acknowledge their responsibilities for complying with the requii"ement.s of the Act with respect to accounting I'e¢ords and tlie preparaliov of financial statements. These tinancial slatcmenls have been prepared in accordance with the provisions applicable to companies Subject to Ihe small compdnies, regime. These Iinancial slaiemenrs weir approved by the board Df trustees and auiliorised for issue on loiql.l4 and are signed on behalf of the board by.. Mr Joshua Schreiber Trustee The on piigL'& 7 Ln 14 form part of thc5e ststtmenL8.
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 GENERAL INFORMATION L.H.H. Limited ("tlitt ch¢irily") is a public bcnefit entity and a private company limiied by guai'antee. i-egistered in England and Walcs and a registered chariiy in England and wale.s. Tlic address of the registered office is New Burlington House. 1075 Finchley Road, London. NW I I opu. STA TEMENT OF COMPLIANCE Tliese fin¢Ln¢ial statements have been preparcd in compliance with FRS 102. 'The Financial Repoi-ting Standard (ipplicable in the UK and the RepLiblic of Ireland,, tlie Stateinent of RecoTnmended Practice applicable to charities preparing their accounts in accolanCe will) (lie Financial Reporting Standard applicable in the UK and Repiiblic ot Ireland (FRS 1021 (Charities SORP {FRS 102)) and the Companies Act 2(K)6. ACCOUNTING POLICIES Basis of prep&ration The financial stateFnenls have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value Ihrough income or expenditure. The financial siaiements are prepared in sterling. which is the tunctional CUlTenCy of the entity. The chai'ity Tneets the definition of a publi¢ benefit entity under FRS 102. Going concern The I'inancial statements have been prepared on a going concern basis iioiwiih.4laiiding (lie chai'ity'5 net CUlTent liabilities. in view of the continiied financial .SLipport provided by ihc Iiustec.s. The chai'ity'.8 main activity is grant mdki ng. The charity has modest overhead.s and the trustee have the ability to exercise conirol over ihe charity's &yrant making chdritable ¢IlVI(1eS and to call on support from benefactoi's, su¢h that the trustees believe the charity will continiie as a going Concern. Judgements and key sources of estimatlon uncertainty Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial siaiements and esiimates with a significant iisk of material adjustment in Ihe next year are discussed below.. Property valuations The valuation of the company s investment property 1% inherently subjective, depending on many factors. includlng the individual nature of the property, its locaiion and expected future nei rental values, market yields and comparable markei transactions. Therefore the valuiition is subject to a degree of uncertainty and is made on the basis of assumpriDns which may not prove to be accurate. particularly in periods of difficult market or economic Conditions.
L.H.H. LIMITED COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS Itontiiiiied) YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICILS (coiitsnrid) Judgements and key sources of estimation uncertainty Iconliniiedl li. Tr<ide debtol's Manaryement use.% detail% of the age of trade debiors and (he statu.s of any disputes together witli external evidence of the ¢redit status of ihe counterparty in making judgemenis concerning &ny need to impair the caiTying valiies. Taxatlon The charity is not liable to direct taxation on its income or gains, whether reali%ed or not. ds it falls wiihin the variou5 exempiions liable to registered charities. Accordingly. the chariiy does not I'ecognise any deferred tax liability on property revaluations as no lax would be due in the event of a disposal as the charity would benefit from the relevant exemptlOll.s. as it will apply all funds for qualifying charitable purpo.ses. Fund accounting Unrestricted funds are available for use at the discreiion of the trustees to further any of the charity's purposes. Income All donations arc r¢¢ognised in ihe Statement of Financial Activities (SOFA) of the charity when it has uncondiiional entitlement to the resources. Donations represent voluntary amounts received during the year. All Dther income is recognised on a receivable basis. This includes incorne from investments and deposits, rentals from property assets and grants and donations received by the charity. Expenditure LTabililies are reeognised as soon as there is a legal or COnbtru¢tive obligatioll committing the charity (o pay out resources. Investment management costs include costs relating to the invesiment propei'tics on an dccrual basis. Governance costs include the costs of the preparation and exuTninaiion of Statutoi'y A¢¢oiiiits. the costs of tl'U5tee Ineetingb and cost ol any legal advice to Trustees on govei"nance 01- constilulional matter.% and 18 recogni.%ed on dn accrual basib. Expenditure on chariiable aciivicies includes all cos1.% incuri'ed by the cliai-ily 111 Lindcrtaking aclivities thai further its charitable aims for thc benefit ol. it% beneti¢iai'ies: including Il)ose support costs and costs IElating to the governance of tlie charity apportioned 10 cl)ai'iidble activities. Fixed Rssets All fixed assets are initially recorded at cost. Listed investments Listed investments held as fixed assets are revalued al mid-mai'ket value at the balance sheet date and the gain or loss is taken to the Statement of Financial Actiwties (SOFA).
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (¢0.,,,,,. YEAR ENDED 31 DECEMBER 2023 ACcourING POLICIES (continried) Investment property tnvestment properties whose fair value can be measured reliably without undue cost or effort are held at fair v(Ilue. Any gains or losses arising from changes in the fair value are recognised in the statement of fillancial activities in the year rhat they arise. No depreciation is provided in respect of investment properties applying the fail value model. The company'5 ifbvesimenl property was valued by Mr J Schreiber la Trustee) based on his undei'standing of property market Conditions using a sales valualion approacli, dei'ived f1-om recent Comparable transactions and market yields. adjusted by applying discounts to reflect status of occupation and condition. Financi81 instruments Financial liabilities and equity instruments are cl88sified according to the .substance of the contractual arrangemenl.s entered into. An equity instrument Is any contract that evidences a residLial interest in the assets of Ilie entity after deducting all its financial liabilities. Bgsic fin&nelal instruments Cabh and cash eqiiivalenLS Cash and cash equivalents comprise cash balances and call deposi18. Trade and other debtors Trade and other debtors are recognised initially at ti"ansaclion price plu5 attributable transaction ¢osts. Subsequent to initial recognition Ihey are measured at amorti.%ed co81 u.sing tlie effective interest method, less any impairmeni losses. If the ari'angement consiiiutes a financing transaction, for example if payment is deferred beyond normal business terms, tlien it is me<isured al the present value of fulure payments discounted at a marke( rate for a siinilar debt instrument. Tr<ide and other ¢reditors Tradc and other creditors are recognised initially at transaction price less attributable trunsaclion costs. Subsequent to initial recognition they are measured at amortised cost using the effective illterest method. If the arrangement constitutcs a financing transaction. for example if payment is deferred beyond normal business terms, then it is measured ai Ihe present VÉilue of future payment.s discounted at a market rate for a similar debt instrument. LIMITED BY GUARANTEE The charity is a company limited by guarantee and has no share capit&l. The lidbil iiy of each trusiee in the event of winding up is limited to £1.
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS I conEiiiEi¢d) YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIES Unicstiicled Total Funds Uni'esiricied Toial Funds Funds 2023 Fui)ds 2022 DONA TIONS Donations Received 81,000 81,10 92.000 92,000 INVESTMENT ANCOME Unrestricted Total Funds Unre8lri¢led Total Funds Funds 2023 Funds 2022 Retit and charges receivable from investment properties 8,635 8.635 7,475 7,475 INVESTMENT MANAGEMENT COSTS Unrestricted Total Funds Unresti'icted Total FLinds Fiinds 2023 Flinds 2022 Repai I's diid renewuls Legal and profe.$8ional Sundi'y expenses Mdnagement expen.ses Letting commission 417 4? 126 1,405 204 417 42 126 1,401 204 66 1.647 66 1,647 1,713 1,713 2,190 EXPENDITURE ON CHARITABLE ACTIVITIES B Y FUND TYPE Unrestricted Total Funds Uni'estricted Tot(Ll Funds Flinds 2023 Fiind.s 2022 Donation5 paid Support COSIS 85,890 3,673 85,890 3,673 89,563 g8.863 4.163 88.863 4.163 89.563 93.0?6 93.026 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Total funds 2023 Grani funding of activities Support costs Total fund ?022 Donations paid Governance costs 85,890 85,890 3,673 89,563 88,863 4,163 3,673 3,673 85,890 93.026 io-
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (Cfjjttir1e) YEAR ENDED 31 DECEMBER 2023 I XPENDITURE ON CHARITABLE ACTIVITIES B Y ACTIVITY TYPE GRANTS PAYABLE The following gr<int payments were made durin(T the year ended 31 December 2023.. Amud Ha12dokoh Trust Be'er Yitzchok Tn]st Bels Aharon rr Activity Centre Bei.8 Brucha Ltd Chasdei Moishe Trust Chevras Machzikei Mesifta Chevras Mo'oz Ladol Hatzola Ti'ust Limited KYL Central Shul Trust Mars Org. Ltd Mekadshei Shevei Charitable Trust Mosdos Toldos Aron Limited Talinud Torah Educarion Limited The Z.S.V. Trust Toldos Ahai'on Trusi Limited Twilight Kindness United Talmudical Associates Ltd UTRY Y G S Yeshiva Gedola Seminar Yetev Lev London Jerusalem Trust 13,400 2,380 3,(K)O 1,400 1,750 I,(M)o 4,635 1,200 3,780 1,000 1,250 1,0 1,250 2,810 I,O(K) 3,150 4,455 1,330 10.320 1,630 Amounts below £l,O(J) 24,150 Total Grants Payable 85,890 All the grants were made lo UK charitable institutions for the purposes of either the advancement of Jewish education or the alleviation of povei'ly. 10. NIT (LOSSES)/GAINS ON INVESTMENTS Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Fuiids Gainl ILoq.8) on revaluation of listed investments Profil on disposal of investments (2,448) (2,448) 2,998 38 2,998 38 (?.4481 (2,448) 3,036 3,036 li
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS [¢0 YEAR ENDED 31 DECEMBER 2023 11. INDEPENDENT EXAMINATION FEES 2023 2022 Fees payable to the independent examiner for.. Independent exdininaiion of the finai)cial statements 3A80 3,480 12. STAFF COSTS The average head count of employees during the year was nil (20??: nil). 13. TRUSTEE REMUNERATION AND EXPENSES There were two irustees who served during the year. The tru51ces did not receive any muneration for their services nor did they receTve any reimbur8ement for OLlt of pocket expense%. 14. INVESTMENTS Listed Investment inveslinents propertie Total Valuation At l January 2023 Additions Fail. value Movements 4.162 100,000 104,162 (2,448) 1,714 12,448) At 31 December 21)23 i 00.000 101,714 Impairment At l January 2023 and 31 Decetnber 2023 Carryiiig an)ount At 31 December 2023 1,714 i 00.000 101,714 104,16? At 31 December 2022 4,16? i 00,000 All investmenrs shown above are held at valuation. Listed investments The fair value of ihe listed investment5 at the balance 5hect date 15 determined iising quoted price5. The historical cosi of listed invesiments at 31 De¢ember 2023 is £82,5.f7 (?022.. £82,557). 12-
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ( YEAR ENDED 31 DECEMBER 2023 14. INVESTMENTS (cojirfniivdl Investment properties The company's investmeni property was valued by Mr J Sclireiber (a Tru.qtee) based on his understanding of property markei conditions using u sales valuation approach, derived from receni comparable transactions 2nd markel yields, adjusted by applying discount& to refteci siatus of occupation and condition. The hi.storical cost of the inve51ment properties is £30,000 (20?2.. £30,000). In accoi"dan¢e with the company's stated accounting policy (see Note 3) no depreciation has been piovided in respect of freehold propeixies which are held for investmellt pui"pose£. 15. DEB TORS 2023 2022 Trade debiors lJ42 1,814 16. CREDITORS: amounts falling due within one year 2023 2022 Baiik loans and overdraft. AccrLials and d¢f'erred income Director loan accounts 1,987 3,480 1,00 818 3.480 6,467 5,298 17. ANALYSIS OF CHARITABLE fuNDS Unrestricted funds At Gains and 31 December 105se5 2023 At l January 2023 Income Expenditui'e General funds 100,678 89,635 {91.2761 (2,448) 96,589 At Gains and 31 DeceTnber losses At l January 2022 IncoTne Expenditure 2022 General funds 93,383 99,475 (95.216) 3,036 100,678 13-
L.H.H. LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS( niiiiniied) YEAR ENDED 31 DECEMBER 2023 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unresiricted Total Funds Fiind.s 2023 Investment.5 Current assets Creditor% le.ss than l year Net assets 101,714 101,714 J 342 (6,467) 96,589 (6,467) 96,589 Uni-ebtricied Total Funds Funds 20?2 Investmeni.g Curi'enl assets Creditors less than l year Net Assets 104.162 1,814 (5,298) 100.678 104.162 1,814 {5.298) 100.678 19. RELATED PARTY TRANSACTIONS During the year the charity received Gift Aid of £81,000 (2022.. 60.000) from J S Esiales Limited and £Nil {2022.. 32,000) from Keepfine Limiced. The aforcmeniioned companies have connections with this charity either through their boards or through their shareholders. Trade debEors include £1.328 (2022: £1,814) due on management account froim J S Estates Limited, a company of which Mr J Schreiber is a direcior and in which he is inteiysted in the share eapital. The amount is interest free and repayable on demand. An amouni of £ 1,000 (2022.. £1.000) was due to Mr and Mrs J Schreiber al 31 December 20?3. which is interesi free and repay¢ible on demand. 14-